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to hear before turning in your taxes. and.... the company that orchestrated the most famous re-tweet ever... first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's wednesday, march 5th i'm angela miles. in today's first look: the s&p rises to a new record high as the standoff between russia and the ukraine becomes "less tense". it's the 49th record set by the index. the dow- also had a positive reaction jumping 228 points, the nasdaq 75 and the s&p 28 gold scaled back $15 dollars and oil.. $1.63. caterpillar's ceo says he is guardedly optimistic about the global economy...which added into the buying blitz on wall street. and the power of the plug. yesterday we told you about the fuel cell stock plug power that surged 24% monday well on tuesdays it rallied 15% more.. trader daniel stecich of athena advisor services joins us now. there was a collective sigh of relief in the market yesterday but will that continue? >>i think it will. you have to put what happened in russia behind us and if you look at what happe
pushing for one of the steepest sales taxes in the bay area. >> please don't tell me they're going to raise it again. >> the tradeoff that supporters say would be worth the sacrifice. >> he says he spotted a burglar in his backyard. >> i wasn't thinking straight. >> how a risky confrontation came to one of the best things about is that millions of people will qualify for financial assistance. for example, if you're a single person making less than $46,000 a year, or a family of four, earning up to $94,200, you may be eligible for premium assistance. the lower your annual income, the greater financial assistance you will receive. get answers, and get covered. find out if you're eligible and enroll now. at coveredca.com. >>> critics call uber the wild west. some cities are looking to crackdown on how many vehicles are providing services through ridesharing apps. seattle is working to cap the number of uber, and lift cars on the road at any given time. amber lee is in san francisco, where one city leader says regulation might be enough to improve public safety here. >> reporter: holdi
. >>> now, to the south bay, where san jose voters will soon be asked to decide to renew a tax to fund the stie libraries. it is set to expire next year. the city council asked voters to renew tax. it raises about $8 million a year. >>> president obama unveiled his 2015 budget today. it calls for $3.9 trillion in spending. the president went to an elementary school in washington, d.c. to highlight his plans for increased spending in education. it also includes money for public works, and end certain tax breaks for the wealthy. republicans don't like it. more details on what's included for california. it calls for $37 million to help restore san francisco bay, and the delta. more than $300 million to expand two major border crossings with mexico, but it would cut community block services grants to $30 million from $60 million. >>> new at 10:00, the family of the woman who disappeared from san francisco general hospital has filed a legal claim against the city. lynne spalding was found dead in a seldom used stairwell, more than two weeks after she was reported missing. her family is seek
their wealth from u-s tax collectors. a senate subcommittee report describes switzerland's second-largest bank as a "willing accomplice" whose bankers advised more than 22-thousand americans with accounts worth up to 12-billion dollars, to personally travel to switzerland to avoid paper trails, then take remote- controlled elevators for meetings where bank statements were concealed inside magazines. "credit suisse's management team regrets the action of a small group of bankers who violated us law." credit suisse no longer offers offshore accounts to americans and is cooperating with investigators.a fine of more than 800-million dollars is being discussed. more than a dozen other swiss banks are under investigation. bank of america is grappling with investigations both here and abroad. bank of america traders are under investigation along with several other bank traders around the world for foreign currency price manipulation. here in the u.s. the bac faces a federal probe for how its handling goverment backed mortgages. it's estimated bank of america might have to pay out $11 billion in pe
the tax revenue by the time of the game that was not the plan. >> we never had those scheduled to be ready by super bowl, because of this strict environmental process of building a landfill. >> officials dispute reports that say project led by former 49er quarterback joe montana will not be ready by the super bowl. the city is still trying to get montana's project of two hotels and restaurant open by 2016. >> we will do what we can to get him through the environmental and planning process to get done before super bowl. >> i imagine that joe montana's hotel and restaurant will be open by super bowl lines will be very long. >> city officials say they are focused on the long-term impact of montana's deal and expect to have it finalized within the next two months. >>> one of the 49er key players is coming back next season. and one bold and today was re- signed. the new deal is worth as much as $12 million, with 9 million guaranteed. he left the team after coming over from baltimore and scored seven touchdowns. >>> we're so happy to get this rain. it came on the afternoon commute. any rain we g
time to make contribution and have it count against our taxes. the other thing though is many times people lose money because they don't make the right moves at the right time. we sell when we should be buying and we buy when we should be selling. there are 2 newer things in the 401k world that helps people. one is target date funds. so opposed to having to make that decision or do what most people do which is look at the performance of last year and then select that fundthe target date fund allows you to say i'm going to retire in this year and chose a fund that will be allocated to the appropriate age or time frame. >>so basically if you are going to retire in the next 5 years this is the x amount of money you hope to retire with in your 401k. >>exactly. >>should you be paying somebody to make those allocationsto shuffle things around for you? >>i think for some people it's a good thing because a great decision or a series of great decisions can make all the difference in the world. a second thing we're seeing now is managed accounts in the 401k market. you pay just a little bit o
, the g-o-p says it wants to lower the top tax income rate on the rich from 39.6% to 25%. they would also impose a new surtax on some wealthy taxpayers but not one that applys to capital gains or dividends. the plan needs democratic support to become law. the nation's biggest bank is eliminating 8,000 jobs. jp morgan chase says the cuts will be in the consumer and community units, and blames the lay-offs on a drop in demand for refinancings. the overall employee base of the bank will reportedly only drop by about 5,000 because the bank is adding positions in other areas. jp morgan chase has more than a quarter of million employees. the latest read on the housing market-- shows home prices are cooling off slightly.. the s&p case shiller index of 20 cities came in with a .1% decline in december from november. it's the second straight month over month drop. a spokesman for the s&p index says the str0ngest part of the recovery in home values maybe over. traders are welcoming earnings that helped push housing stocks higher this week. wall street cheered on home depot, sending shares up almos
Search Results 0 to 6 of about 7

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